When the numbers get bigger and the whole thing gets more professional the numbers simply have to work.  and

Oregon and WA made foreclosure rescue lease backs totally illegal.We did not have a problem on the lease back we did have to evict many within the first year but it was a normal eviction and we had enough juice in the deal to make it work. And

Keep up the great work and again sounds like an awesome deal.

Even when I self manage I include pm because it is work and I do not work for free.

(they get a cut of the GP fees for fundraising)Goodegg Investments – This Is Is How We Make Money Through Real Estate Syndications (youtube.com)what's most annoying is the slide at 50sec, she has on the left the GP which "does all the work and takes on HIGH risk, while on the right the LP who does no work and bears low RISK".

Now, say in yr 2 you have to do added work and spend another $10k of improvements.

Like everything else... if the numbers work and all the other factors at play are good in your opinion.... go for it! 

A prudent investor doesn't seek quick riches through shortcuts.

A prudent investor doesn't seek quick riches through shortcuts.

I met him many times before awesome GUY but you can definitely tell the dude is the biggest slacker in the world (for example: if he knows that going the long way will benefit him greatly but will be hard in the process, but cutting through the backyard to avoid the long-distance of wearing will be better, he will most definitely take the short cut!